Portsmouth FC on the brink of closure
source: http://uk.eurosport.yahoo.com/22102010/58/championship-portsmouth-set-liquidation.html
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- smurph25
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The troubled football club, Portsmouth FC, is on a verged of closing down and liquidated.
According to a statement, the club said: "Portsmouth Football Club is extremely disappointed to report that it has not yet managed to achieve the exit from Administration, despite the extensive efforts of the Football League, NewCo, the Administrators and their various legal advisors... Unfortunately, despite the new owners fulfilling all the requirements of the Football League and the creditors, and agreeing and signing up to the required terms of the purchase of the club, at the 11th hour the goalposts have been moved by Mr Gaydamak and this has now made the deal impossible to complete."
The football club went to administration in February, they were later relegated from the English Premier League to Championship league.
Source: http://uk.eurosport.yahoo.com/22102010/58/championship-portsmouth-set-liquidatio...
According to a statement, the club said: "Portsmouth Football Club is extremely disappointed to report that it has not yet managed to achieve the exit from Administration, despite the extensive efforts of the Football League, NewCo, the Administrators and their various legal advisors... Unfortunately, despite the new owners fulfilling all the requirements of the Football League and the creditors, and agreeing and signing up to the required terms of the purchase of the club, at the 11th hour the goalposts have been moved by Mr Gaydamak and this has now made the deal impossible to complete."
The football club went to administration in February, they were later relegated from the English Premier League to Championship league.
Source: http://uk.eurosport.yahoo.com/22102010/58/championship-portsmouth-set-liquidatio...
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- tags:
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